Ownership
At the end of 2020, ALK had 17,697 registered shareholders, versus 12,979 at the end of 2019. The registered shareholders owned 98% of the share capital (98%). As at 31 December 2020, two shareholders had notified shareholdings of 5% or more: the Lundbeck Foundation had a 40.3% interest (including A shares and AA shares) and ATP had a 7.5% interest. Of the 30 largest registered shareholders, the vast majority were institutional investors – from North America, the UK and Scandinavia in particular. In the shareholder register, the international ownership was estimated at approximately 23% (23%), representing 36% of the free float of the B share capital (36%), excluding the Lundbeck Foundation’s holding and treasury shares.

ALK’s holding of its own shares was reduced following the settlement of share option and conditional share programmes. At the end of the year, ALK held 212,873 or 1.9% of its own shares (2.2% at the end of 2019) which is considered sufficient to cover current obligations related to ALK’s long-term incentive programmes.

Major shareholders* and treasury shares as at 31 December 2020

The Lundbeck Foundation
Registered office: Copenhagen, Denmark
A shares, number: 920,720
AA shares, number: 92,072
B shares number: 3,474,827
Interest: 40.3%
Votes: 67.2%

ATP**
Registered office: Hillerød, Denmark
B shares, number: 830,794
Interest: 7.5%
Votes: 4.1%

ALK – own shares
Registered office: Hørsholm, Denmark
B shares, number: 212,873 B shares
Interest: 1.9%

* Notified shareholdings of 5% or more of the company's shares
** The Danish Labour Market Supplementary Pension